Skip to content

Premium remuneration

Unit 3: Accounting for Labour CostTopic 3 of 5
Browse the Cost and Management Accounting syllabus

Cost and Management Accounting

8 units
On this page

What the syllabus expects

  • Features of premium plans
  • Halsey and Rowan plans
  • Taylor's differential piece rate
  • Gant's task and bonus plan

Premium remuneration

Bachelor of Business Studies (BBS) — Second Year

Subject: Cost and Management Accounting (MGT 212)

Unit 3: Accounting for Labour Cost

Academic Year: 2083/84

Topic Objectives

After studying this topic, students should be able to:

  • Explain the scope and key elements of premium remuneration.
  • Prepare the relevant cost records or calculations and interpret their use in managerial planning and control.

Curriculum Scope

  • Features of premium plans
  • Halsey and Rowan plans
  • Taylor's differential piece rate
  • Gant's task and bonus plan

Detailed Microsyllabus

  1. Premium-plan foundations

    1. Guaranteed pay and performance-related premiums.
    2. Standard time, actual time and output information.
    3. Criteria for assessing incentive plans.

  2. Named plan calculations

    1. Halsey and Rowan time-saving plans.
    2. Taylor's differential piece rates.
    3. Gant's task and bonus plan using the source's printed name.

Curriculum reference: Tribhuvan University, Faculty of Management, revised four-year BBS curriculum, PDF pages 31-34.

Source note: The curriculum scope above is retained from the existing TU syllabus breakdown. The numbered study subtopics are editorial elaborations for teaching and study, rather than a separately issued TU syllabus. Unit or component allocations apply at their stated level; no separate topic hours or marks are assigned here.